Medicare Supplement Plan L
Plan L is a standardized Medigap policy that covers a larger percentage of several benefits than Plan K and includes a yearly out-of-pocket limit.
Cost-sharing stylePartial coverage for several benefits
ProtectionLower yearly limit than Plan K
Drug coverageNot included
How Plan L works
- Covers Part A coinsurance and additional hospital costs according to standardized benefits.
- Pays 75% of several covered cost-sharing benefits, with the beneficiary responsible for the remainder.
- After the yearly out-of-pocket limit and Part B deductible are met, the policy pays 100% of covered services for the rest of the year.
Who may consider it
- People seeking a balance between premium and cost sharing.
- People who want a defined limit on covered out-of-pocket costs.
- People who understand they remain responsible for the Part B deductible and non-covered services.
Before buying
- Confirm the current yearly out-of-pocket limit.
- Compare the same Plan L benefits across insurers by premium and service.
- Check state rules and guaranteed-issue protections.
Important: Plan L benefits are standardized, while premiums and company service can differ.
For complete and current information, review Medicare.gov and official plan documents.